Unlock Your Financial Potential with Phoenixville Federal Bank & Trust: Your Gateway to the Best Rates
At Phoenixville Federal Bank & Trust, we’re your trusted partner on your financial journey. We understand that your financial success depends on finding the best deposit rates. We’re here to provide our customers with all the information they need to make informed decisions and secure their financial future.
Lending Rates
Home Equity Loans
| Term | Rate | APR* |
|---|---|---|
| 1 to 5 years | 6.875% | 6.940% |
| 6 to 10 years | 7.000% | 7.035% |
| 11 to 15 years | 7.125% | 7.150% |
| 16 to 20 years | 7.250% | 7.270% |
*APR denotes Annual Percentage Rate
Want to use your home’s equity for home improvements, debt consolidation, purchase additional real estate, college education, and more? With a home equity loan from PFB&T, you can. You’ll enjoy competitive, fixed rates, an easy application process, and potential tax benefits. Please consult a qualified tax advisor to determine if interest may be tax deductible. The actual interest rates and APRs available to you are subject to credit approval, including; credit score, debt to income ratio, and/or secondary market guidelines, and may be different than the interest rates and APRs displayed above. Home equity rates are for single-family, owner-occupied residences and second homes.
The property cannot be: 1. Owned by a trust. 2. A Manufactured / Mobile / Trailer Home. 3. Zoned anything other than residential.
Maximum LTV = 80%. No application fees. Estimated closing costs $250.75 (ranging from $122.75-$450.00 recording fee & ranging from $128.00-$250.00 tax monitoring fee).
With a home equity loan you’ll have a fixed interest rate and a fixed, predictable monthly P&I payment, for the entire term (1-20 year repayment terms) of the loan. You receive the money you are borrowing in one lump sum payment upfront.
For 1 – 4 family investment real estate (non-owner occupied properties) please contact the Consumer Loan Department at loans@phoenixfed.com (610) 933-1000.
Home Equity Lines of Credit
| Product | Auto Pay APR* | Coupon APR* |
|---|---|---|
| Home Equity Line of Credit | 7.49% | 7.75% |
*APR denotes Annual Percentage Rate
Want to use your home’s equity for home improvements, debt consolidation, purchase additional real estate, college education, and more? With a home equity line of credit (HELOC) from PFB&T, you can. You’ll enjoy a variable interest rate that offers affordable interest only payments, an easy application process, and potential tax benefits. Please consult a qualified tax advisor to determine if interest may be tax deductible. Auto Pay Rate assumes that the monthly payment will be made from an existing or new checking account with PFB&T. The actual interest rates and APRs available to you are subject to credit approval, including; credit score, debt to income ratio, and/or secondary market guidelines, and may be different than the interest rates and APRs displayed above. Maximum APR is 18%. HELOC rates are for single-family, owner-occupied residences and second homes.
The property cannot be: 1. Owned by a trust. 2. A Manufactured / Mobile / Trailer Home. 3. Zoned anything other than residential.
Maximum LTV = 80%. No application fees. Estimated closing costs $250.75 (ranging from $122.75-$450.00 recording fee & ranging from $128.00-$250.00 tax monitoring fee).
With a HELOC you’ll have a variable rate. The variable rate based off of a publicly available index, prime rate, as published in the Wall Street Journal, which is currently 7.75%. The variable interest rate will be equal to the prime rate minus .26% (margin) if you opt to have the monthly payment to be Auto Pay from a new or existing deposit account with PFB&T or prime rate if you opt to pay the monthly payment with the monthly statement/coupon.
With a HELOC, you draw money from the line of credit as needed during the draw period. You can make multiple withdrawals during this time, up to your maximum credit line. The draw period lasts 15 years.
Your payment is an interest only payment based on the outstanding balance each month.
The repayment period gives you 15 years from the maturity date (the expiration of the draw period) to repay the balance.
For 1 – 4 family investment real estate (non-owner occupied properties) please contact the Consumer Loan Department at loans@phoenixfed.com (610) 933-1000.
Mortgages
| Product | Rate | Application Fee | Origination Fee | APR* |
|---|---|---|---|---|
| 15 Year | 6.250% | $600 | 0.125% | 6.525% |
| 20 Year | 6.500% | $600 | 0.125% | 6.723% |
| 30 Year | 6.750% | $600 | 0.125% | 6.923% |
* APR denotes Annual Percentage Rate. Rates are effective for 90 days from application.
The actual interest rates and APRs available to you are subject to credit approval, including; credit score, debt to income ratio, and/or secondary market guidelines, and may be different than the interest rates and APRs displayed above.
Maximum loan to value is 95% for purchase and 90% for refinance. Based on:
- Loan amount
- Loan to value
- Purchase or refinance
Rates and fees are subject to change daily and are based on the rate in effect the day we receive a completed application.
Completed applications may lock in their rate, which will be honored as long as they provide the remaining documentation to the Bank within two (2) business days. If an application remains incomplete, the interest rate will float until the application is considered complete by the Bank’s Lending Department.
Mortgage rates are locked for a standard term of 90 business days from the date of application. Extended rate options and upfront fees are available. Mortgage rates and fees are for owner-occupied residences only.
The property cannot be: 1. Owned by a trust. 2. A Manufactured / Mobile / Trailer Home. 3. Zoned anything other than residential.
For inquiries on other types of properties or any other information, please contact the Loan Department at loans@phoenixfed.com or (610) 933-1000.
Deposit Rates
Interest Bearing Checking Accounts
| Product | Balance to Obtain APY | Annual Percentage Yield |
|---|---|---|
| Premium Interest | $0.01 to $2,499.99 | 0.05% |
| Premium Interest | $2,500.00 and up | 0.30% |
| 50 N' Better | None | 0.05% |
| Direct Free Interest | None | 0.05% |
Accounts require a $25 minimum balance to open. Interest calculated on the daily balance, simple interest credited monthly. Fees could reduce the earnings on the account.
Phoenix Money Market
| Balance | Annual Percentage Yield |
|---|---|
| Less than $2,500.00 | no interest earned |
| $2,500.00 to $9,999.99 | 0.15% |
| $10,000.00 to $24,999.99 | 0.20% |
| $25,000.00 to $49,999.99 | 0.30% |
| $50,000.00 to $99,999.99 | 0.40% |
| $100,000.00 to $149,999.99 | 0.50% |
| $150,000.00 and up | 0.60% |
Interest calculated on the daily balance, daily compounding, credited monthly. $2500 Minimum required to open and earn interest. Fees could reduce the earnings on the account.
Savings Accounts
| Product | Minimum Deposit to Open | Balance to Obtain APY | Annual Percentage Yield |
|---|---|---|---|
| Passbook Savings | $100 | $100 | 0.15% |
| Statement Savings | $100 | $100 | 0.15% |
| Children's Savings Club | $20 | $20 | 0.15% |
| Senior Gold Savings | $20 | $20 | 0.18% |
| Vacation Club | $10 | $50 | 0.50% |
| Christmas Club | $10 | $50 | 0.50% |
Interest calculated on the daily balance, daily compounding, credited quarterly. $100 minimum required to open and earn interest on Passbook Savings or Statement Savings Accounts.
$20 minimum required to open and earn interest on Children’s Savings Club and Senior Gold Savings. Fees could reduce the earnings on the account.
$10 minimum to open and $50 minimum to obtain APY on Christmas Club Accounts and Vacation Club Accounts. Simple interest credited at maturity. Deposit at any time; withdrawals prior to maturity will require closure of account and forfeiture of interest. No service fee.
Individual Retirement Accounts
| Product | Minimum Balance to Obtain APY | Annual Percentage Yield |
|---|---|---|
| IRA Statement Savings | $20 | 0.15% |
Interest calculated on the daily balance, daily compounding, credited quarterly. $20 minimum required to open and earn interest. Special certificates of deposit and Growth certificates of deposit are also investment options for IRAs. Fees could reduce the earnings on the account.
Special Offers
Certificates of Deposit
| Term | Minimum Balance | Annual Percentage Yield |
|---|---|---|
| 2 Months* | $10,000.00 | 3.30% |
| 9 Months** | $1,000.00 | 4.30% |
| 14 Months** | $1,000.00 | 4.10% |
| 27 Months** | $1,000.00 | 3.60% |
| 39 Months** | $1,000.00 | 3.30% |
*The minimum balance required to open and obtain the APY is $10,000. Interest is calculated on the daily balance, daily compounding, and credited at maturity. After funds have been on deposit for seven days, withdrawals are permitted at any time without penalty.
**The minimum balance required to open and obtain the APY is $1,000. Interest is calculated on the daily balance, daily compounding, and credited quarterly. Substantial penalty for early withdrawal. Fees could reduce the earnings on the account.
Growth Certificates of Deposit
| Term | Annual Percentage Yield |
|---|---|
| 3 to 6 Months | 3.00% |
| 7 to 12 Months | 3.05% |
| 13 to 18 Months | 3.10% |
| 19 to 30 Months | 3.15% |
| 31 to 48 Months | 3.20% |
| 49 to 60 Months | 3.30% |
The minimum balance required to open a Growth Certificate of Deposit and obtain the APY is $500. A penalty may be imposed for early withdrawal. Interest is calculated on the daily balance, daily compounding, and credited quarterly. Fees could reduce the earnings on the account.
Income Certificates of Deposit
| Term | Annual Percentage Yield |
|---|---|
| 6 Months | 3.00% |
| 12 Months | 3.05% |
| 18 Months | 3.10% |
| 30 Months | 3.15% |
| 60 Months | 3.30% |
The minimum balance required to open an Income Certificate of Deposit and obtain the APY is $5,000. A penalty may be imposed for early withdrawal. Interest is calculated on the daily balance, simple interest, and credited on a monthly or quarterly basis. Fees could reduce the earnings on the account.
**NOTICE**
Please note that the Annual Percentage Yields (APYs) shown here are accurate as of the current date.
Best Deposit Rates for Your Savings Goals
Saving money is the first step toward achieving your financial dreams, and at Phoenixville Federal, we offer some of the best deposit rates in the industry. Whether you’re opening a savings account, a certificate of deposit (CD), or a money market account, our competitive rates will help your savings grow steadily over time. With our easy-to-use online banking services, managing your accounts and tracking your savings progress has never been more convenient.
Best Lending Rates for Your Financial Needs
When it comes to borrowing, securing the best lending rate is crucial. Whether you’re planning to purchase a new home or fund your child’s education, Phoenixville Federal has you covered. Our experienced loan officers will work closely with you to find the best lending solution tailored to your unique financial situation. With our competitive rates, you can achieve your goals while minimizing the cost of borrowing.
Mortgage Rates that Fit Your Budget
Purchasing a home is a significant milestone in life, and finding the best mortgage rates is essential. At Phoenixville Federal, we offer a range of mortgage options with competitive rates to make your dream of homeownership a reality. Whether you’re a first-time homebuyer or looking to refinance your existing mortgage, our team is here to guide you through the process and help you secure the best mortgage lending rate possible.
Unlock Your Home's Equity with Competitive Home Equity Rates
Your home is a valuable asset and can be a source of financial flexibility. Phoenixville Federal offers competitive home equity rates, allowing you to tap into your home’s equity to fund home improvements, consolidate debt, or cover unexpected expenses. Our experts will assist you in choosing the right home equity solution for your needs and provide competitive rates that make sense for your financial goals.
Flexible HELOC Rates for Your Financial Needs
A Home Equity Line of Credit (HELOC) provides you with a flexible borrowing option, and at Phoenixville Federal, we offer some of the most competitive HELOC rates. Whether planning a home renovation, helping your child through college, or dealing with unexpected medical expenses, a HELOC can provide the financial flexibility you need. Our team will help you access your home’s equity with a HELOC and guide you through the process, ensuring you get the best possible rate.
Why Choose Phoenixville Federal?
At Phoenixville Federal, we’re committed to helping you achieve your financial goals with the best rates. Your financial success is our priority, and we’re here to provide you with the tools and expertise you need to thrive financially. Contact us today to learn more about our rates and how we can help you on your journey. Together, we’ll unlock your financial potential and build a brighter future.
